Danon Beres is the CEO of the Belt and Buckle brand Washed Up Hollywood. He appeared on Shark Tank Season 1, Episode 8, seeking $500,000 for 25% equity at a $2 million valuation.
The Sharks were unhappy with the investment request at this valuation, as the sales figures did not support it. As a result, all the Sharks declined to invest, leaving Danon to exit the Shark Tank empty-handed.
Washed Up Hollywood manufactures and sells belts and buckles, targeting males and females aged 18 to 40. Many celebrities have worn their products, and the brand has been featured in various magazines. It is a completely family-owned business.
| Company Name | Washed Up Hollywood | |
| Founder | Danon Beres | |
| Founded | N/A | |
| Product | Belt and Buckle | |
| Asked For | $500k for 25% equity | |
| Final Deal | No Deals | |
| Shark | No Sharks | |
| Episode (Shark Tank USA) | S1 E8 | |
| Air Date | Oct 6th, 2009 | |
| Business Status | Out of Business | |
| Website | Visit Website | |
| Headquarters | Austin, Texas, USA | |
| Lifetime Worth (Sales) | $1M *estimated | |
| Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of Washed Up Hollywood?
Danon Beres is the CEO of Washed Up Hollywood, a family business originally started by his father. The company is run by Danon along with his father, brother, and sister.
In addition to his role at Washed Up Hollywood, Danon is currently the Senior Sales Manager for Mid-Market at the cybersecurity company Huntress.
How Was The Shark Tank Pitch of Washed Up Hollywood?
After entering Shark Tank, Danon asked the Sharks for $500,000 in exchange for 25% equity. Washed Up Hollywood’s belts are sold in over 300 stores across 12 countries, including the United States and Canada. In 2008, sales reached $438,000, with a profit of $50,000. The belts retail for $55 to $99 and wholesale for $40.
Last year, the company sold 10,000 belts. Danon has invested $120,000 into the business. However, the Sharks were concerned about the company’s $2 million valuation. Robert Herjavec expressed that he liked the product but not the valuation.
Kevin O’Leary stated that the company is not worth $2 million, and Robert questioned how he would get his money back. Danon projected that the company’s worth would rise to $32 million in five years.
Daymond John expressed skepticism, stating he did not believe the company could sell 10,000 belts in a year. Ultimately, Robert Herjavec, Kevin Harrington, Barbara Corcoran, Kevin O’Leary, and Daymond John all declined to invest, citing that they felt the company was not worth $2 million.
Sharks Offers list!
| Sharks | Offers |
|---|---|
 Barbara Corcoran | No Offer |
 Kevin O’Leary | No Offer |
 Robert Herjavec | No Offer |
 Daymond John | No Offer |
 Kevin Harrington | No Offer |
| Founder’s (Countered) | No Counter |
| Final Deals | No Deals |
Washed Up Hollywood Shark Tank Update
Washed Up Hollywood did not secure a deal on Shark Tank because CEO Danon Beres claimed the company was worth $2 million. In an interview, Danon stated that the belts are sold in over 300 stores and various boutiques across the country.
He expressed the need for funding to expand product availability in more locations. After appearing on Shark Tank, the store has received a positive response and is generating good sales.
In response to Daymond and Kevin accusing him of being dishonest, Danon asserted that they were attempting to undermine his company. Their belts are set to be available on eBay in March 2024. The official website and social media accounts for the company will not be active until then, and CEO Danon is currently working at the cybersecurity company Huntress.
What Is Washed Up Hollywood’s Net Worth?
Washed Up Hollywood’s net worth is estimated at $400,000. Currently, not much information about the company is available online, and the CEO is no longer associated with it.
Annual Revenue by Years
Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.
| Years | Annual Revenue |
| 2008-24 | $1M *estimated |
Funding Reports to Date!
| Years | Funding Amount | Investor |
| N/A | N/A | N/A |
The company lacks a social media presence, and the official website has been shut down, although the product is still available on eBay. CEO Danon is currently employed at another company.
It appears that Washed Up Hollywood has now completely closed down. The company’s official address was in Austin, Texas, United States.
No, Washed Up Hollywood has been out of business since 2020.
frequently asked questions
Who founded Washed Up Hollywood?
Washed Up Hollywood was founded by Danon Beres.
Did Washed Up Hollywood get a deal on Shark Tank?
No, Washed Up Hollywood didn’t get a deal on Shark Tank.
